FTC: Just Say No To Doublers/HYIP/Matrixes Or Face Jail Time!

FTC: Just Say No To Doublers/HYIP/Matrixes Or Face Jail Time!
This entry was posted on 4/30/2006 1:55 PM and is filed under Government Crack Downs.

Federal Trade Commission is working hard to protect you from illegal and high risk programs by posting warnings, pushing through legislation and shutting down programs that are high risk involving clients who have to wait in a line of other people to be paid.

With Police now online all over the world, programs are going down left and right already.

FTC basis thus far is their use of already stated and updated definition of the illegal ponzi schemes. It states that any program that pays for the recruitment of members or pays out in a line on the basis of the next person spending into it IS an illegal Ponzi scheme and anyone found to be participating can and have faced heavy fines and jail time.

FTC also states that it IS a ponzi scheme even if there is a product/service bought or received in exchange of payment when ever you have to wait in line behind another person to be paid and if you have to pay someone to join.

The difference between a Ponzi and Affiliate Program:

Ponzi- You pay or get paid for clients to sign up even when a product/service is given for the money where by you are put in a line or on a waiting list sometimes, but not always and/or where your money is grown by the spends of other members. Sometimes the member above is paid directly other times you are put in a line or on a waiting list.

Affiliate Program: The sale of the product or service is the sole reason you get paid. (I.E. Membership Sales where you sell a product or service to someone else, then get paid a portion of the sale)

So how do you know if the program is a Ponzi? Here is a simple checklist

1. Is the program requiring recruiting?
2. Do you have to wait in a line of people to be paid?
3. Are you put on a waiting list of people to be paid?
4. Does your money grow by others spending?
5. You got in free, but get paid to sign people up

If you answered yes to any or all of these questions then it is most likely a ponzi
If you answered yes to 1 and no to 2, 3, 4, 5 is mostly likely a hidden ponzi
If you answered no to 1 and yes to 2,3,4, 5 it is a ponzi

Hope you guys actually listen to me this time as I would hate to see you lose more money or get busted by the police for being in one of these.

If you don't believe me about the police being online take a look at the world news for all the perv's being arrested lately from online!!